Understand what it means to accredit a Finance Masters Programs, and learn the consequences of not having accreditation.
When looking for the best Masters in Finance degree program, make sure you enroll into one with proper accreditation. It is very important to enroll only in an accredited program or else you would end up with a worthless diploma after two years of rigorous study. Corporations will not consider you and outright refuse your application.
An accreditation means the US Department of Education (DOE) through a sanctioned accrediting body has officially reviewed the academic degree program of choice and acknowledged it to have scholastic and professional value. This means the faculty is highly competent, curriculum is relevant, and the overall learning quality is excellent. A university or program may be legitimate, but without accreditation, it amounts to nothing much.
Not all colleges or universities are accredited because it is not a mandate to have one. Getting accreditation is a voluntary process, but one that has benefits for the university. Those who get accreditation are those who value the reputation of being acknowledged for quality by a DOE-sanctioned agency.
Since it has been observed that there a number of colleges and universities in the country whose curriculum are not relevant or have been outdated, it is important to maintain a system of checks and balances for quality. Seeking accreditation is a form of check-and-balance, as curricula and competence of faculty are reviewed. An accreditation affirms that faculty members are credible and competent facilitators of wisdom.
Today, distance learning has become a norm, which makes accreditation even more important. A Master in Finance degree program, as well as program in other fields, is now regularly offered online. Accreditation of online courses dispels the myth that online degrees are not at par with those rewarded by conventional in-campus schooling and that online students learn less.
Students and the public, in general, are still skeptical about the idea of earning an academic degree of any kind from the Internet. The Internet academia is competing against the enigma of scam cases and bogus diplomas that proliferated cyberspace when the concept of online schooling was at its early stages. This scenario is steadily changing nowadays.
The authentic ones persevered through the rocky beginnings of this new industry, and now online schooling is gaining a stronger foothold in the world of graduate studies. With a seal of legitimacy through accreditation, students now have the confidence to enter a Master’s degree program on the Internet. Finally there is an online option; just from the thought of it, it seems very convenient and appropriate for working professionals.
The accreditation process that online schools and universities go through does not happen overnight. Accrediting agencies send agents or representatives to the schools under scrutiny and examine the institutional infrastructure, check the credentials of faculty, and go through the academic processes. The schools are also asked to make an evaluation of themselves.
To categorically determine the quality of a school or program, the accreditation process focuses on the institutional mission, academic models in use, effectiveness and relevance of curriculum, and faculty qualification. The accrediting agency also checks any evidence to measure the quality of learning being offered. A school’s involvement in its immediate community and the global community of nations is considered as well.
Among so any programs offered by different colleges, the Masters of Finance programs need accreditation more than anything else. Corporations and businesses around the world need competent finance people that have been trained in reputable and accredited programs. In other words, organizations run best when finance people do their job well.